The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-19

HONRI 2 TO 8 PEE CENT, NEW
YORK EXCHANGE 1-8 PREM. s'
Cotton ull-MiddliBg Cotton, 1Otc
SALES Today Unim-
portant.
APPEAL 0yyroE;
MeHpAY EVENING, July Is, 1887.


Tho demand for loanable funds continues
good, with the money supply modersts.
Rates remain att to s per ospt. according to
the class Of security. Dizziness prevailed at
the stock call board session today, and no
transactions were recorded.
Mem his spot cotton declined 40 today,
sad the tone chang ID from anist to dull.
At New Orleans spots were steady and of
l l6; futures closed steady and OF 9to II
points on the old crop and to 8 points on
the new.
y At Liverpool spots remained unchar god,
except middlins. which declined lisa, clos
ing at 5I-l6; futures were weak and de-
slined to 8 points.
l. The New York market closed easy, spots
going Of l.l6c. Will, futures closed steady
and Of 3 to II points en- the old crop and 4
~ ints Of on the new.
C.L. Greene Il Co. 'sreport, of the 18th, on
sotton futures. says; "on the old crop there
was another eonsiderable break, August
going of 81 points without much recovery.
The depressing influence can mainly from
abroad, with some little hammering in
dulged In BY local short scslpers. The close
was somewhat unsettled, but apparently in
slined to more stsadiness. with 6g7 points
recovered shown. The new crop held up
very we'll"
The assignment Of Julius Runse. the big
Galveston operator. caused decline Of IA
points In August at New York today. Runge
was the head OF . ,yndicste which embraced
people Of Galveston, New Orleans and Liver.
pool, also speculaters In Chicago and st.
Louis who are known to the grain trade.
Runge cornered April and tried the
game en- August, but that month plunged
downward suddenly aud has been going
down ever since.
Chandler, Brown 4 Co.'S weekly review Of
the Chicago grain market states nong other
things that wheat has ruled exceedingly dull
alta lower range Of values during the greater
portion Of the week, but every advance in
dueed heavy selling, and OWN to the lin
tied number Of baying orders the market
stsggers under the weight Of offsrinss. The
range Of price shows . decline Of 2,lc for the
week.
Port cleAranees At the seaboard were large.
asgregAting about 10000 bushels, while
WI eoVuh At~'stNS'
bushels. BArrins serious a"oident to the
growing crop, amp m Material advance In prices
would. In our opinion. DO due 10 the efforts
Of the bears to enhances values for the pur-
pose Of putting out new lines Of short wheat
ct an advance. Corn 10 strong and tending
up and oats IL strong with no material change
10 price.
The London Marx Lane Express ofths 18th,
In is review Of the British grain trade dur
ing the week, SAYS "Ersiish wheat con
tinues TO decline, although the deliveries are
small. The foreign wheat market 10 slow and
value, are In fsvsr ofbuJers, Flour 10 steady
and oats are against buyers. etc."
IMPORTS.
? One thousand 100 huad-ed and thirty-two
sks bran, ~ brls beA aud peas, 2lIl rolls
bagging. 20 pkst bacon, s67 pkgs boets aud
shoes. 1880 bu corn, l50 sks coffee, 63 SKIS
cotton seed. 2 carr cotton seed. pT pkEs dry
goods, ~ Pig. esg., 80 brls d ur, 81
bales hay, "a pigs hats. .8o head sheep, 2
ksAd cattle. 1850 pkss lard. lssx n lumber.
10 pkGs lisuor.,s cars lime SO brls meal,
lp kegs nails, 500 bu oas, lsj b IL Potatoes.
car pork tides, II pSg rice, 81 brls sugar.
ks pks tobacco and ISO bu wheat.